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Global oil stocks are likely to have fallen in Q3 for just the second time since oil prices started collapsing in 2014.
Read More »OPEC Oil Output Cuts `Working` but Need to Run to End-2018: Total CEO
OPEC Deal Extension May Be Unnecessary
The current reduction deal is sufficient to achieve the desired purpose.
Read More »China Set to Continue Crude Oil Buying Spree. IEA Says
In Q4. China is not expected to build inventories. because oil demand is expected to remain strong. according to the IEA.
Read More »Oil Prices to Be Unaffected by Trump Remarks on Tehran Policy
The oil market will not react to the statement of US President Donald Trump about Washington'.s new policy toward Tehran.
Read More »New Iran Sanctions Could Send Oil Prices Higher
U.S. sanctions could cut off a lot of Iranian oil trade finance.
Read More »Rising OPEC Production Weighs On Oil Prices
Under the production agreement. OPEC committed to 32.5 million bpd.
Read More »China Will `Compel` Saudi Arabia to Trade Oil in Yuan
In recent years. several nations opposed to the dollar being the world'.s reserve currency have progressively sought to try and abandon it.
Read More »A Stronger OPEC Needs Russia
OPEC realized the importance of working with Russia two decades ago. but the Russians did not understand the importance of working with OPEC until lately.
Read More »Iraq and Iran Boost Oil Exports in Sales Battle with Saudis
OPEC is to meet in November to discuss a possible extension of the deal beyond March.
Read More »OPEC Chief Says Floating Storage Is Shrinking
Crude oil in floating storage is declining. showing that the market is rebalancing.
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